3 Fiocchi Avenue, Frankston VIC 3199

Creek-front townhouse | private jetty | multi-level design | flood overlay present This property offers a genuinely rare configuration: a multi-level townhouse with direct Kananook Creek frontage, a private jetty, and bay access from the garden. The four-bedroom layout across three levels provides separation and privacy, with the main living area positioned to capture the northern and western aspects and water views. For a buyer seeking a lifestyle-oriented home with recreational boating access and a sense of retreat within suburban Frankston, this property presents a strong competitive edge. The absence of bushfire or heritage overlays simplifies due diligence, and the recent sale at $1.61 million in August 2025 confirms market acceptance at this price level. The property suits families or professionals who value water proximity and are willing to accept the trade-offs of a flood overlay. The flood overlay is the primary risk, requiring careful review of insurance costs and any historical inundation records. The building area of approximately 97 square metres on a 781–791 square metre block indicates a modest footprint relative to land size, which may limit internal living space for some buyers. The 1985 build may present maintenance considerations, though the November 2025 renovation suggests recent updates. The property’s strong recent sales history and quick market turnover indicate demand, but buyers should verify the quality and scope of renovations. The private jetty and creek access represent genuine lifestyle value that few comparable properties offer, positioning this as a distinctive opportunity for the right buyer.